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  • #86,441
  • Apr 16, 2009 5:50pm Apr 16, 2009 5:50pm
Funny to see you guys still trying to short the Eur/Usd down...when its making higher lows! Well your brokers are very happy...they will all be long for the move up because of all you guys trying to short it through support!
  • #86,442
  • Apr 16, 2009 5:51pm Apr 16, 2009 5:51pm
Quoting ak4x
Hey, it's only make believe... until it happens.

Here we are with the US screwed up, the EZ screwed up, China maybe or maybe not screwed up depending on what they want their Yuan to be worth, Russia with a Ruble in rubble, and Pirates Plundering the High Seas.

In other words ... what's new? Samo-Samo. There just might be a Currency Clue in there as well. Fragile systems that may or may not be on the brink of Recovering or Collapsing don't need too much Chaos w/o a Breather.

Who all remembers back when you had to set an Alert on this pair to...
An end to chaos!!!!!! bite your tongue.
I was wondering when this subject would come up. A return to normalcy is the inevitable reaction for any group of people. Lets face it; traders, market makers, and bankers are going to sooner or later, chill on the world is ending crap. Or maybe this can go on forever
  • #86,443
  • Apr 16, 2009 6:00pm Apr 16, 2009 6:00pm
Hello ROBby


Quoting Robby
Funny to see you guys still trying to short the Eur/Usd down...when its making higher lows! Well your brokers are very happy...they will all be long for the move up because of all you guys trying to short it through support!
Its all in the mind.
  • #86,444
  • Apr 16, 2009 6:13pm Apr 16, 2009 6:13pm
Since everyone is in the mood for posting there predictions, I will share mine.

I don't have a clue. I haven't quite gotten to the point where I plan possible decision points in the future and to be honest I've given up predicting the markets ages ago. It's all about letting the market tell you where it's heading. PA rules!

The daily bars are showing a short term bearish PA (2 lower highs and lows) with an approx. 25 days downward channel which shows no signs of breaking, yet! Because of this, logic tells me to sell on the peaks with the view of range trading in the short term, with focus at decision points (TL's, Fibs etc).

If daily PA changes upwards within the current short term channel I might consider buying on troughs instead, again depending on PA at that time.

I will begin taking notice of longer term trades at 1.3090 (S) and 1.3580/1.3740 (B). However, this will all depend on PA at the time including desicion points. But even here I would let the market show me the trend before launching a major trade in favour of the trend.

The market has almost always humbled my predictions. I have no use for it anymore.

JC
  • #86,445
  • Apr 16, 2009 6:21pm Apr 16, 2009 6:21pm
Best indicator in the world is the FX factory e/u thread. When all are going short, go long and when all are going long go short. Works a charm..


Good day.
  • #86,446
  • Apr 16, 2009 6:23pm Apr 16, 2009 6:23pm
Quoting Takisd
Best indicator in the world is the FX factory e/u thread. When all are going short, go long and when all are going long go short. Works a charm..


Good day.
lol

I got to give this a go sometime.

JC
  • #86,447
  • Apr 16, 2009 6:25pm Apr 16, 2009 6:25pm
Quoting Robby
Funny to see you guys still trying to short the Eur/Usd down...when its making higher lows! Well your brokers are very happy...they will all be long for the move up because of all you guys trying to short it through support!
I don't think it is the general case, they(brokers or big boys) will not play against their short since 1.37 unless there is profit taking spike that we need to see 1st for confirmation of reversal, so unless that happen always follow the trend and of course for those who short lock your profit and for those who long u better only scalp.
  • #86,448
  • Apr 16, 2009 6:26pm Apr 16, 2009 6:26pm
Well...the hour charts have a flag or as some of you guys have show a wedge...daily stuff is fine but hrs is were you need to be looking...that is what will drive the market for the next 24 hours....unless the weekly or daily charts break a major trend line...and the charts are not their...so you need to be on hr ones...pick what every one you want...1,4,6, 8 etc... that will drive the coming 24-36hrs. Those charts have higher lows on them...along with higher highs...along with the wedge...on some of them...a flag... that is up...not down...it may go down...but its not going to go too far down until it break the wedge / flag up...their is too many people wanting to get short up above...so that's why its not moving down, just going sideways....until it get to the break point were you will see it go to the moon...well jump up 3-5 points...then the shorts will be all over it and your going down to 1.28-1.25 area...that is were you should be selling...here is were you should be buying...
  • #86,449
  • Apr 16, 2009 6:27pm Apr 16, 2009 6:27pm
Quoting Robby
Funny to see you guys still trying to short the Eur/Usd down...when its making higher lows! Well your brokers are very happy...they will all be long for the move up because of all you guys trying to short it through support!
Most of my trades are above 1.3260, of course there is the possibility to see price go above 1.33 to fall like a rock to 1.30.

I am counting with that. Soon I will see if I will close all my shorts below 1.33 or not!

I have already a level to start closing, but . They can read it!
  • #86,450
  • Apr 16, 2009 6:29pm Apr 16, 2009 6:29pm
Euro, setting up for a Sell maybe!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,451
  • Apr 16, 2009 6:35pm Apr 16, 2009 6:35pm
I want to know why we've returned to the weekly opening price after the big run up...why do the market makers just keep screwing with us!

Pick a direction, make it clear so we can all go home happy.
"The markets are the greatest chess match ever played."
  • #86,452
  • Apr 16, 2009 6:44pm Apr 16, 2009 6:44pm
Quoting Robby
Well...the hour charts have a flag or as some of you guys have show a wedge...daily stuff is fine but hrs is were you need to be looking...that is what will drive the market for the next 24 hours....unless the weekly or daily charts break a major trend line...and the charts are not their...so you need to be on hr ones...pick what every one you want...1,4,6, 8 etc... that will drive the coming 24-36hrs....
You could be right, you could be wrong. Same with everyones predictions. The market is not bias to anyones thoughts or wims. A similar wedge occurred on the 7/04. And it was broken to form the second low of the current short term trend. I'm not saying you're wrong, I couldn't be bothered which way it goes. For me, I will get in once it tells me which way it's going. And right now it's in no mans land.

I would consider short term longs only once short term intraday uptrend develops above the 13/04 and 16/04 highs upper TL. If I miss half the move waiting for trend development, then so be it.

Just my thoughts.

JC
  • #86,453
  • Apr 16, 2009 6:45pm Apr 16, 2009 6:45pm
Quoting Tradester
I want to know why we've returned to the weekly opening price after the big run up...why do the market makers just keep screwing with us!

Pick a direction, make it clear so we can all go home happy.

It's a huge game us versus them, NONE of them lose money on trades they might over bonus there staff but thats about it, so they make SHED LOADS, if they all make, where does what they make come from, errrrm not each other which leaves US, yep US!!

So we are playing a game against people with huge pockets and millionaire life styles based on our money.

Thats why they always screw with us and the market constantly throws tricks.

Don't even get me started on the manipulation on the correct way to trade, they don't trade like your taught to trade, OHHHH NO!!

Infact if you got a screen shot of a real traders chart setup and reverse engineered it you'd end up with my system strange that
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,454
  • Apr 16, 2009 6:47pm Apr 16, 2009 6:47pm
?Can you show me your system? What parameters you use?


Quoting Turveyd
It's a huge game us versus them,...
Its all in the mind.
  • #86,455
  • Apr 16, 2009 6:49pm Apr 16, 2009 6:49pm
Quoting Tradester
I want to know why we've returned to the weekly opening price after the big run up...why do the market makers just keep screwing with us!

Pick a direction, make it clear so we can all go home happy.
You're assuming the market makers consider us significant enough to screw with . Personaly I think there a plenty of opportunities out there for range trading.

JC
  • #86,456
  • Apr 16, 2009 6:53pm Apr 16, 2009 6:53pm
Quoting 5abi
?Can you show me your system? What parameters you use?

Screen shots and a attempt at explaining it here :-

http://www.forexfactory.com/showthread.php?t=161280

I was given the setup back in the Stock Trading days, taken ages to modify it to work with Forex!!

It's a daytrader system, not a long term / swing system sorry!!

I had a long term / swing system for Stocks to based on Daily but couldn't convert to Forex at all sadly
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,457
  • Apr 16, 2009 7:03pm Apr 16, 2009 7:03pm
+7pips, bailed just in the knick of time, only cause I really need to get to sleep

Laters people
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,458
  • Apr 16, 2009 7:03pm Apr 16, 2009 7:03pm
Hello folks.

Predictably, I'm still in my short trade.

And I saw lots of hats around today. Lots and lots. Who's pink hat is it anyways?

Today, JPMoron's results came out. I said that they could be good...and they were. I also said that Goldman and JP could help prop the dollar...and it did.

Shitibank's results are out tomorrow. Let's see if they show a classic Peek-A-Boo accounting scheme. But tomorrow is Friday and if you're thinking of getting into a trade...don't.
Not all sins are created equal
  • #86,459
  • Apr 16, 2009 7:06pm Apr 16, 2009 7:06pm
cool! Thanks for sharing.

Quoting Turveyd
Screen shots and a attempt at explaining it here :-

http://www.forexfactory.com/showthread.php?t=161280

I was given the setup back in the Stock Trading days, taken ages to modify it to work with Forex!!

It's a daytrader system, not a long term / swing system sorry!!

I had a long term / swing system for Stocks to based on Daily but couldn't convert to Forex at all sadly
Its all in the mind.
  • #86,460
  • Apr 16, 2009 7:13pm Apr 16, 2009 7:13pm
Quoting 5abi
cool! Thanks for sharing.
Anytime!!

I had a long term / swing system for Stocks to based on Daily but couldn't convert to Forex at all sadly

Thats why I say if you want, longer term / swing trades go to stock, but it's hard work you've got to run a screen every night go through 100's of charts and also the sectors, trade min 6stocks 3 Short 3 Long to filter out the market wobble.

Then the Margin at x2's is useless compared to Forex.

And stupid sub 25K account value day trading rules, which put the nail in my coffin YEARS Back!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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